Insurers operate today in a relatively mature market environment but Max Richter, managing director for insurance, Accenture UK and Ireland, argues that it offers limited opportunities for growth and relatively few new products coming onto the market
Cytora, a provider of artificial intelligence-powered solutions for the commercial insurance sector, today announced the largest funding round by a UK-based insurtech in 2019 as it looks to expand its product suite and enter new territories including the…
Trade credit insurer Atradius has forecast that global insolvencies are set to rise for the first time in 10 years, with the UK facing the highest increase of all advanced markets.
As insurers are likely to appoint a loss adjuster when acting on a claim, customers making large claims may wish to employ a loss assessor to represent their interests. How well are these relationships currently working?
A new folding-screen smartphone is launching in the UK in May and will be the most expensive ever at £1800, but Ross Sinclair, CEO of EIP Insurance Services, says this has huge ramifications for those in the mobile device insurance sector and may prompt…
Insurance has a long history but as David Germain, chief technology officer for RSA, explains, the sector still needs to keep up with technology.
Gallagher has appointed John Thompson as CEO of UK’s specialty London market and wholesale businesses.
Exclusive: The insurer of Grenfell Tower has so far paid out £24.5m to the Royal Borough of Kensington and Chelsea, and expects total insured losses to reach £75m.
Exclusive: A pair of loss adjusters have teamed up with a former Premier League football player to target insurers, brokers and suppliers with a well-being app.
The Association of British Insurers has criticised Mactavish’s cyber challenge to insurers and brokers in a response to its CEO, saying it should share its analysis if it has ‘true evidence’ of flaws.
Post held its reputation event this week, which felt somewhat prescient as parts of the industry were shamed on diversity and inclusion.
Insurers are expanding their services beyond products, but there is much more to do. Underwriters and risk managers should view each other as risk partners, says Airmic CEO John Ludlow.
Festivals are growing in size, number and scope. They are rapidly becoming a more immersive experience, rather than solely about music. With these changes come wide-ranging additional requirements for cover and a need for the insurance sector to innovate
When the regulator fined Carphone Warehouse £29m this week, the real target was the use of high pressure sales techniques in insurance.
Businesses are operating in unpredictable times and Cecile Fresneau, executive director for UK Insurance at QBE, believes preparing for the what if’s and the absolute worst-case scenario will keep insurance relevant.
Insurers are increasingly hiring teams of loss adjusters to handle claims in-house, rather than outsourcing to a third-party firm. Post looks at this trend and whether it represents part of an established cycle
Direct Line saw operating profit drop, despite reserve releases ahead of an anticipated Ogden rate revision.
Aston Lark's group CEO Peter Blanc explains why it is essential that brokers advise clients on emerging risks that could affect their business and encourage discussions to ensure the right solutions are found
A changing risk landscape is creating new challenges for SMEs and those tasked with providing the sector with insurance. But SMEs need to evolve as newer risks such as cyber attacks and data protection – along with the raft of uncertainties around Brexit…
With telematics volumes rising steadily in recent years to pass the one million policy mark, a key question for those looking to accelerate its take-up further is whether the main premise of the product – that it is making the UK’s roads safer – is being…
With the nature of cyber attacks constantly changing Madeleine Shanks, associate partner at Clyde & Co, explains that dialogue between customers and their insurers has never been more important to ensure that cover is proportionate.
Aon's former CEO of analytics, Paul Mang has been tasked with bringing together Guidewire's Analytics and Data Services division. Mang spoke to Post about cyber risk, data, and lifted the lid on Guidewire's $275m purchase, data tool Cyence.
As we all live and work in an increasingly digital world, technology seems to be able to provide solutions for many challenges insurers face. And that is why, more than ever before, insurers need to work on those human relationships with customers,…
A hearing over the future of beleaguered insurer CBL has been postponed again in order for creditors to explore a rescue plan.